Troutman Sanders

AUGUST 14, 2023

On August 8, the Office of the Comptroller of the Currency (OCC) issued a bulletin to provide banks with guidance regarding the applicability of the legal lending limit to purchased loans. On August 8, the Federal Reserve provided additional information on its program to supervise novel activities in the banks it oversees.

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Troutman Sanders

JULY 11, 2023

Department of Treasury (collectively, the agencies) jointly issued a Request for Information (Request) seeking public comment on medical credit cards, loans, and other financial products used to pay for health care. What are the benefits and costs of medical payment products for consumers and health care providers?

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Credit Corp

JULY 30, 2020

Many people are struggling to pay student loans and taking part in various deferment and other assistance programs. As COVID-19 and related shutdowns caused economic issues across the nation, the federal government passed the CARES Act , which included some stimulus relief for student loan holders.

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Burr Forman

MAY 19, 2021

Last month, President Joe Biden (“President Biden”) wrapped up his first 100 days as President of the United States – focusing on a myriad of issues from the Coronavirus pandemic (“COVID-19”) to America’s immigration system. Public Charge Regulations. Issuance of U.S. Visas at Consulates and Embassies Worldwide.

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Collection Industry News

DECEMBER 23, 2022

The Supreme Court on Monday agreed to hear arguments in a second case challenging the legality of the Biden administration’s ambitious student loan relief program. The administration has said President Joe Biden’s plan could benefit more than 40 million borrowers by forgiving up to $20,000 in debt.

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Nexa Collect

FEBRUARY 18, 2021

Make a list of the dental schools nearby as well as any colleges that offer dental programs. You can contact them again and arrange to participate in any internship programs they offer to students. And if you encounter a school that doesn’t have such a program, you can help them to start one.

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Credit Corp

FEBRUARY 16, 2024

bonus_miles_full l Travel Insurance Benefits The Chase Sapphire Reserve® comes with several types of travel insurance: Trip cancellation: If you have to cancel a trip for a covered reason, one of Chase’s insurance partners may reimburse you for your prepaid, nonrefundable expenses. Is It Worth It?

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Collection Industry News

DECEMBER 22, 2023

But the highest court ruled that the Biden administration didn’t have the authority to cancel the debts, and the program was barred from proceeding. In this process, the public has the opportunity to submit topics for consideration, then a committee of stakeholders comes together to propose a rule. Here’s what to watch out for.

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Student loans Student Loans Loans Education 40

Troutman Sanders

JULY 20, 2020

The Federal Trade Commission (“FTC”) held its public workshop on the proposed changes to the Safeguards Rule under the Gramm-Leach-Bliley Act of 1999 (“GLBA”). The Safeguards Rule Today: The Safeguards Rule requires financial institutions, and potentially affiliates, to keep non-public personal information secure.

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Nexa Collect

NOVEMBER 12, 2021

With a lower quality of life, few benefits to promote a healthy work-life balance, political unrest, and crippling healthcare costs, many Americans just want out. Tax Benefits. With their taxes, Canadians receive free healthcare, amazing public services, and high-quality education that is cheaper compared to USA.

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Troutman Sanders

JANUARY 23, 2024

These discharges are the result of fixes to income-driven repayment (IDR) forgiveness and public service loan forgiveness (PSLF) made by the administration. This includes borrowers who have benefitted from the Biden-Harris administration’s limited PSLF waiver as well as regulatory improvements made to the program by the administration.

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Fraser

OCTOBER 14, 2022

The Michigan GOP and the Republican National Committee filed a lawsuit seeking to rescind new instructions for election challengers and poll watchers issued by the Michigan Bureau of Elections. This latest news comes as a relief for those who are participating in the loan forgiveness program. Employee Benefits |?

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Better Credit Blog

JULY 12, 2021

Student loans are a pressing issue for so many people who have put themselves through college and other higher education. Student loan forgiveness is by no means a magic bullet, and student loan forgiveness programs don’t work for everyone. But Perkins Loan borrowers in other occupations may also qualify for the cancellation program.

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Collection Industry News

JULY 12, 2022

The proposed rules call for an $85 billion expansion of existing federal student loan forgiveness programs. They would expand eligibility for programs created under Presidents George W. The Public Service Loan Forgiveness (PSLF) program is the fourth program receiving substantial changes.

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Troutman Sanders

FEBRUARY 23, 2022

Federal Activities: On February 18, the Consumer Financial Protection Bureau (CFPB) released a bulletin, detailing student loan servicers’ obligation to halt unlawful conduct on borrowers’ eligibility and benefits under the Public Service Loan Forgiveness Waiver. The petitions will be posted on public dockets for review and comment.

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Burr Forman

NOVEMBER 16, 2020

20-1240 (JEB) and a related case, Center for Public Integrity v. Boesberg issued a November 5, 2020 order requiring the SBA to release the names and other information for all PPP loan borrowers by November 19, 2020. In WP Company LLC d/b/a The Washington Post, et al., Small Business Administration , Civil Action No.

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Troutman Sanders

SEPTEMBER 27, 2022

On September 22, the Consumer Financial Protection Bureau (CFPB) announced its request for public input on ways to spur new mortgage products that help households. The CFPB invites insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for borrowers with smaller loan balances.

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Nexa Collect

OCTOBER 9, 2020

public health care system becomes more and more saturated and the price of private healthcare skyrockets. The medical tourism market is predicted to expand rapidly by 2027 at a compound annual growth rate of 21.1%, so it”s no wonder many countries want to see their economies benefit, and the goal is to attract, attract, attract.

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Fraser

JUNE 24, 2022

The Michigan House recently passed a pair of bills that would require those seeking unemployment benefits to report weekly about their attempts to seek work. agency within two weeks of applying for benefits and would have to take and report on certain work search or training steps at least three times per week. .

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Burr Forman

NOVEMBER 16, 2021

On November 8, 2021, the OIG issued an updated SDP to providers, which included clarifications of existing guidance and increased the minimum settlement amounts OIG will accept. CMS Issues Calendar Year (“CY”) 2022 Final Medicare Outpatient Prospective Payment System (“OPPS”) Rule.

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Collection Industry News

JULY 12, 2022

But behind the scenes, Biden’s Department of Education has canceled tens of billions of dollars by turbocharging existing loan forgiveness programs. The proposed regulations would loosen the requirements for a number of loan cancelation programs such as borrower defense to repayment and Public Service Loan Forgiveness.

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Student loans Student Loans Education Loans 40

Troutman Sanders

FEBRUARY 26, 2024

Another key issue will be the current ban on local financial institutions in South Korea offering spot Bitcoin ETFs. The procedures require the CFPB to issue a notice to an entity not currently subject to a supervisory examination. For more information on the program, click here. For more information, click here.

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Collection Industry News

AUGUST 8, 2022

Department of Education from using the negotiated rulemaking process to issue regulations that are economically significant (such as more than $100 million), including wide-scale student loan forgiveness. This includes $8 billion of student loan forgiveness for nearly 150,000 public servants. prevent the U.S. prevent the U.S.

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Student loans Student Loans Loans Education 40

Collection Industry News

AUGUST 23, 2022

1 Because insufficient data security is likely to cause substantial injury to consumers that is not reasonably avoidable or outweighed by countervailing benefits to consumers or competition, 2 the CFPB considers this to be an unfair practice – even in the absence of a data breach. CFPB asserts expanded authority for information security.

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Burr Forman

NOVEMBER 9, 2020

20-1240 (JEB) and a related case, Center for Public Integrity v. Boesberg issued a November 5, 2020 order requiring the SBA to release the names and other information for all PPP loan borrowers. In WP Company LLC d/b/a The Washington Post, et al., Small Business Administration , Civil Action No.

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Loans Government 52

Troutman Sanders

APRIL 4, 2022

On March 30, the Consumer Financial Protection Bureau (CFPB) sanctioned Edfinancial for deceiving student loan borrowers about their eligibility for Public Service Loan Forgiveness, and the steps they could have taken to obtain loan cancellation. Treasury secretary to develop and issue a digital analogue to the U.S.

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Troutman Sanders

JULY 27, 2023

In the report and accompanying press release , the CFPB promotes the purported benefits of being supervised by the agency. For the most part, the UDAAP examples in this edition of Supervisory Highlights fall into well-understood issues that the Bureau has commented on in the past.

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Collection Industry News

NOVEMBER 8, 2021

On the back end, recent actions to make the Public Service Loan Forgiveness program , borrower defense to repayment , and total and permanent disability discharges easier to access and calls to cancel some or all student debt have and would alleviate burdens for many who struggle to repay.

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Qualco

MAY 25, 2022

Open Banking has been in the public eye for some time now. However, the Berlin Group, a group of pan-European open banking ecosystem participants, tries to tackle the issue. Through open banking, banks allow access to third-party service providers to customers' financial information via Application Programming Interfaces (APIs).

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Collection Industry News

JANUARY 20, 2023

The justices plan to hear arguments in February and left in place an injunction issued by a lower court blocking the administration from proceeding with the program until the legal questions have been resolved. The program would forgive as much as $20,000 in debt for as many as 40 million borrowers making under $125,000 a year.

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Student loans Student Loans Loans Education 40

Troutman Sanders

MARCH 14, 2023

On March 2, the Federal Trade Commission (FTC) issued a proposed order, banning online counseling service BetterHelp, Inc. On February 28, the FDIC Office of Inspector General issued its annual “Top Management and Performance Challenges Facing the Federal Deposit Insurance Corporation” assessment report.

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Collection Industry News

OCTOBER 22, 2023

In August, she applied for the Public Service Loan Forgiveness program with her loan servicer, MOHELA, or the Missouri Higher Education Loan Authority. The PSLF program allows those who have worked for certain nonprofits or the government to get their debt erased after 120 payments, or 10 years.

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Student loans Student Loans Loans Education 40

Troutman Sanders

FEBRUARY 13, 2024

The senators argued that this incident undermined public trust in the SEC and suggested that other enforcement cases by the commission may warrant scrutiny. She suggested that a federal regulator should have the authority to decide if a stablecoin issuer should be barred from issuing such an asset. For more information, click here.

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Financial services Student loans Student Loans Collection Agencies 52

Troutman Sanders

MARCH 6, 2023

On March 2, the Federal Trade Commission (FTC) issued a proposed order, banning online counseling service BetterHelp, Inc. On February 28, the FDIC Office of Inspector General issued its annual “Top Management and Performance Challenges Facing the Federal Deposit Insurance Corporation” assessment report.

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Financial services Student loans Student Loans Loans 52

Troutman Sanders

SEPTEMBER 18, 2023

This was FinCEN’s first enforcement action against a Puerto Rican international banking entity and includes the first violation for failure to implement and maintain an anti-money laundering program under the Gap Rule. The meeting, which will be hosted in person and virtually, is open to the public. For more information, click here.

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Financial services Trade Banks Credit Unions 52

Troutman Sanders

AUGUST 21, 2023

The plaintiffs lacked standing because they failed to plausibly demonstrate how the government’s plans would impact their efforts to recruit participants as qualified employers under the Public Service Loan Forgiveness program. The FTC published a request for public information on June 7, and the letter responds to that request.

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Financial services Banks Loans Financial Institution 52

Fraser

DECEMBER 13, 2021

Clinics, Rehabilitation Agencies, and Public Health Agencies as Providers of Outpatient Physical Therapy and Speech-Language Pathology Services. Programs for All-Inclusive Care for the Elderly Organizations (PACE). Intermediate Care Facilities for Individuals with Intellectual Disabilities. Rural Health Clinics.

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